20.1% Return Seen to Date on SmarTrend Packaging Corp Call (PKG)

SmarTrend identified a Downtrend for Packaging Corp (NYSE:PKG) on September 26th, 2018 at $112.15. In approximately 2 weeks, Packaging Corp has returned 20.09% as of today's recent price of $89.61.

In the past 52 weeks, Packaging Corp share prices have been bracketed by a current low of $88.83 and a high of $131.13 and are now at $89.61. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

Packaging Corporation of America manufactures containerboard and corrugated packaging products for use in protecting goods during shipment. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Packaging Corp.

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